Homework 5 - Debt

Which of these is a reason people can end up getting into debt?

• Being made redundant from their job

• The price of potatoes going down

• Budgeting effectively

• Getting a new job

Which of these is an accurate description of debt?

• Debt is an amount of money borrowed

• Debt is the amount of money you have

• Debt is the amount of tax you pay

• Debt is the name of the new Taylor Swift song

Which of these could cause someone to go into debt?

• Falling ill

• Having a new baby

• A relationship breaking up (or a divorce)

• Having an accident

• All of these

Which of these is a consequence of not being able to pay your bills?

• Electricity being switched off

• Possessions being taken

• You have to sell treasured items

• All of these

Which of these can help people avoid getting into debt?

• Changing job often

• Borrowing more money

• Increasing your expenditure

• Budgeting effectively

Which of these is a potential result of being in debt?

• Stress & Strained relationships

• New job opportunities

• Joy

• Holidays

Which number should replace A

• 40.00

• 50.00

• 20.00

• 30.00

• 0.00

Which number should replace B?

• 40.00

• 50.00

• 20.00

• 30.00

• 0.00

Inflow or outflow: Staff Wages

• Inflow

• Outflow

Inflow or outflow: Sales

• Inflow

• Outflow